DB:N2F

Stock Analysis Report

Executive Summary

NanoFocus AG provides optical 3D roughness, surface metrology, and tactile roughness and waviness measurement products.


Snowflake Analysis

Flawless balance sheet and slightly overvalued.

Share Price & News

How has NanoFocus's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: N2F's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

5.3%

N2F

4.3%

DE Electronic

7.2%

DE Market


1 Year Return

-50.9%

N2F

-26.3%

DE Electronic

-17.5%

DE Market

Return vs Industry: N2F underperformed the German Electronic industry which returned -23.9% over the past year.

Return vs Market: N2F underperformed the German Market which returned -14.1% over the past year.


Shareholder returns

N2FIndustryMarket
7 Day5.3%4.3%7.2%
30 Day-19.5%-25.8%-22.3%
90 Day12.9%-23.6%-26.1%
1 Year-50.9%-50.9%-24.8%-26.3%-14.9%-17.5%
3 Year-63.7%-63.7%-2.3%-5.5%-18.7%-25.7%
5 Year-78.3%-78.9%55.1%43.8%-17.8%-29.1%

Price Volatility Vs. Market

How volatile is NanoFocus's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is NanoFocus undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: N2F (€0.7) is trading below our estimate of fair value (€5.39)

Significantly Below Fair Value: N2F is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: N2F is unprofitable, so we can't compare its PE Ratio to the Electronic industry average.

PE vs Market: N2F is unprofitable, so we can't compare its PE Ratio to the German market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate N2F's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: N2F is overvalued based on its PB Ratio (1.4x) compared to the DE Electronic industry average (1.2x).


Next Steps

Future Growth

How is NanoFocus forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

15.3%

Forecasted Tech industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as NanoFocus has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has NanoFocus performed over the past 5 years?

-37.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: N2F is currently unprofitable.

Growing Profit Margin: N2F is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: N2F is unprofitable, and losses have increased over the past 5 years at a rate of -37.6% per year.

Accelerating Growth: Unable to compare N2F's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: N2F is unprofitable, making it difficult to compare its past year earnings growth to the Electronic industry (-7.4%).


Return on Equity

High ROE: N2F has a negative Return on Equity (-48.01%), as it is currently unprofitable.


Next Steps

Financial Health

How is NanoFocus's financial position?


Financial Position Analysis

Short Term Liabilities: N2F's short term assets (€7.3M) exceed its short term liabilities (€2.5M).

Long Term Liabilities: N2F's short term assets (€7.3M) exceed its long term liabilities (€4.9M).


Debt to Equity History and Analysis

Debt Level: N2F is debt free.

Reducing Debt: N2F has no debt compared to 5 years ago when its debt to equity ratio was 27.9%.


Balance Sheet

Inventory Level: N2F has a high level of physical assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if N2F's debt is covered by short term assets.


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable N2F has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: N2F is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 3.5% per year.


Next Steps

Dividend

What is NanoFocus's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate N2F's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate N2F's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if N2F's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if N2F's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of N2F's dividend in 3 years as they are not forecast to pay a notable one for the German market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?


CEO

Werner Ringel

no data

Tenure

Mr. Werner Ringel serves as an Interim Member of the Management Board of NanoFocus AG since September 04, 2019 and also its Interim CEO. 


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 16.1%.


Top Shareholders

Company Information

NanoFocus AG's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: NanoFocus AG
  • Ticker: N2F
  • Exchange: DB
  • Founded: 1994
  • Industry: Electronic Equipment and Instruments
  • Sector: Tech
  • Market Cap: €5.456m
  • Shares outstanding: 7.37m
  • Website: https://www.nanofocus.com

Number of Employees


Location

  • NanoFocus AG
  • Max-Planck-Ring 48
  • Oberhausen
  • North Rhine-Westphalia
  • 46049
  • Germany

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
N2FDB (Deutsche Boerse AG)YesBearer SharesDEEURNov 2005
N2FXTRA (XETRA Trading Platform)YesBearer SharesDEEURNov 2005

Biography

NanoFocus AG provides optical 3D roughness, surface metrology, and tactile roughness and waviness measurement products. The company offers µsurf sensor, an area surface sensor for integration into production machines; µsurf custom, a 3D measurement system; µsurf cylinder, a solution for non-contact 3D measurement of engine cylinder walls; µsurf implant, an optical roughness metrology for joint implants; and µsurf solar, a measurement solution for solar applications in laboratory and production. It also provides MarSurf CM explorer, an optical 3D measurement system; MarSurf CM mobile, an optical 3D surface measurement system; and MarSurf CM expert and MarSurf CM select, which are confocal 3D microscopes, as well as line, confocal, chromatic, and holographic sensors for 3D areal measurements. In addition, the company offers µsprint hp-opc 3000, a probe card inspection tool; µsprint hp-hsi 2000, an automated 3d metrology tool; µsprint topographer for 3D data acquisition; and µsprint sensor, a confocal sensor for inline-capable solution for measurement tasks. Further, it provides µsoft metrology, a measurement and control software; µsoft analysis, a surface analysis program with protocol generator; µsoft automation, a software to automate measurement and evaluation processes; µsoft control to measure, evaluate, and visualize data with µsoft tool; and software specialized for industries and applications. Additionally, the company offers technical support, consultation, contract measurement, training, commissioning and relocation, and maintenance services; and rents measurement systems. It serves automotive, fuel cell technology, paper and print, electronics and semi-conductors, medical technology, mechanical engineering, materials science, art, micro systems technology, safety engineering, solar technology, and tool manufacturing industries. NanoFocus AG was founded in 1994 and is headquartered in Oberhausen, Germany. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/03/27 21:23
End of Day Share Price2020/03/27 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.